Agriculture bank awaits BoT licence

Dar es Salaam. Despite the fact that agriculture is Tanzania’s economic mainstay, its financing is still a challenge with recent data showing that commercial banks are reducing their loans to the sector.

>Preparations have been finalized for the launching of Tanzania Agricultural Development Bank (TADB), a banker disclosed here last week.

The Tanzania Agriculture Development Bank (TADB) will start issuing loans next week with Iringa-based small scale farmers being the first beneficiaries.

Makhtar Diop, World Bank Vice President for Africa.

Record 10,500 tons of seed to be delivered for April planting season

In a concerted push to revive agriculture and avert hunger in Ebola-hit countries, the World Bank Group has mobilized up to $15 million in emergency financing to provide a record 10,500 tons of maize and rice seed to over 200,000 farmers in Guinea, Liberia and Sierra Leone in time for the April planting season.

More than one million people could go hungry unless they...

 

-This represents a major vote of confidence in AfrAsia business model

 AfrAsia Bank Limited (http://www.afrasiabank.com/en)  today announced the addition of an important world-class strategic partner, National Bank of Canada, to its shareholding structure.   This represents a major vote of confidence in its business model, financial standing and unique positioning in regional and international markets. National Bank of Canada will immediately acquire a 9.5% stake in AfrAsia Bank, with the...

 Ajmair Riaz, Country Head of Retail Banking, Standard Chartered Bank Tanzania.***************************Monday 18 th May 2020 – Standard Chartered Bank Tanzania has become the first Bank in Tanzania to announce relief measures for its Individual and Business Clients whose income and cash flows have been affected by the COVID-19 pandemic.
In a statement issued by the Bank, Mr. Ajmair Riaz, the Bank’s Country Head of Retail Banking, said that his team has been working very...

Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA signing of MOU between the two parties to unlock Euros 7 M in Tanzania.  Mr. Pim van Ballekom, European Investment Bank Vice President for Africa and Mr. Ammish Owusu-Amoah, Managing Director of BANK OF AFRICA - TANZANIA exchange documents after signing of MOU between the two parties to unlock Euros 7 M in...